Highlights

Description

Transwestern, the exclusive representative ( Broker ) for the owner of Cypress Station Square ( Owner ), is pleased to offer for sale the 139,046 square foot neighborhood retail center (the Property ) located on the northwest corner of Interstate 45 and F.M. 1960 West in the far northern sector of Houston, Texas. The center is anchored by Outback Steakhouse, Hooters and David' s Bridal. The center also has recently leased space to a Texas Workforce Commission site and ATI Vocational School (est. commencement 2/1/10).

Strategically developed in the path of middle and high-end single-family and multi-family residential developments, the subject Property features both national and regional tenants attracting shoppers from The Woodlands, Kingwood and the F.M. 1960 corridor. This well-located retail asset is situated on approximately 14.19 acres with five pad sites included in the offering and is attractively landscaped with a variety of trees and foliage well-suited for the Houston climate.

Cypress Station Square is located at the northwest corner of Interstate 45 and F.M. 1960 in the northern sector of Houston. The highly visible and strategic commercial corridor location at this well-traveled intersection positions Cypress Chase in the center of retail and residential development. Within 1/2 mile of the Property are fine furniture stores including Bassett, Star Furniture, Ethan Allen and Louis Shanks and upscale auto dealers including Mercedes, BMW, Infinity, Jaguar, Porsche and Land Rover. Surrounding area retail includes Kroger, Office Depot, Babies R Us, PetsMart, and Golfsmith. The 2006 population estimate in a 5 mile radius is 174,991 residents, projected to grow to 194,642 residents by 2011. Another factor driving the area' s market is the renowned Northwest Medical Center, just west of Cypress Station. A medical staff of approximately 600 members offers a wide range of inpatient, outpatient and diagnostic imaging services.

The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO